OakRidgeObserver

China's crude oil production fell to its lowest on record in May, even as refineries in the world's top buyer of crude churned out product at their fastest pace in almost two years, data showed on Wednesday.

Global concerns about China have increased since Moody's Investors Service downgraded its credit ratings in May. But some analysts expect increasingly stringent cooling measures will eventually drag on investment and dampen construction activity.

The growth of the private investment slowed to 6.8% in January-May period from 6.9% in the first four months, according to the National Bureau of Statistics.

During January to May, fixed asset investment increased 8.6 percent from the same period of the previous year, which was slower than the 8.8 percent growth economists had forecast and the 8.9 percent rise logged during the January to April period.

Consumption was relatively stronger in rural areas, with retail sales expanding 12.7 percent in May, outpacing urban areas, where retail sales climbed 10.4 percent year on year. Overall throughput was down from a record reached in March, but May recorded the fastest rate of year-on-year growth since May 2015.

Private sector investment accounts for around 60% of total investment in China. It had been expected to slip to 8.8 percent from 8.9 percent in Jan-April.

But some China watchers are more anxious about the risks of sharp slowdown in 2018.

Early warning indicators of a financial crisis were already flashing red, economists at Nomura said in a note this week, echoing the warnings of others such as the Bank for International Settlements (BIS).

Recommended News

Junior Wyatt Dobrovich-Fago's high school yearbook photo also was altered, so the Donald Trump logo was missing from his vest. Snyder declined to comment. "The words and symbols that were used in the yearbook are neither appropriate or acceptable".

A 2009 visit by former President Bill Clinton, a Democrat, secured the freedom of American journalists Euna Lee and Laura Ling. Shortly after Warmbier's sentencing, Kim Dong-chul, was arrested on accusations of espionage, and has been held ever since.

The stock of London Stock Exchange Group Plc (LON:LSE) has "Add" rating given on Thursday, August 13 by AlphaValue. BT Group PLC earned a news sentiment score of 0.13 on AlphaOne's scale. 14,514 were accumulated by Amg Funds Lc.

According to the Record Courier , DePerro said the autopsy's conclusion may not arrive for several weeks. Heartbroken parent Ronnie Reed tweeted out "Heartbreaking!" I'm blessed to have had him as a friend.

In his testimony today before the Senate Intelligence Committee, Sessions - the U.S.'s chief law enforcement officer - told Sen. Trump has suggested there might be tapes of his encounters with Comey; Comey said last week that "lordy" he hopes there are.

McNally said: "Nothing about the USA withdrawal would seem to indicate any form of job creation for the city of Youngstown". The business leaders and officials described Trump's move as "out of step with what is happening in the United States".

Trump has said he would be open to renegotiating Paris, something most European G7 nations have already rejected. The statement goes further to encourage the 49 remaining parties that have not ratified the agreement to do so.

And I've said that on the record. "And she told me about the power in black women's hair and how lovely it is, and the struggle". And the DJ fired back at his former girlfriend on Twitter after hearing what she said about him to James Corden .

Sessions raised his voice in protest when asked what those reasons were. "I can tell you that for absolute certainty". He opened by asking the question which was central to the investigation but which, somehow, had not yet been asked.

Tomorrow, we wake up. "We did that, we knew it was going to be tough to get back here but we found a way", said Crosby . Here's the most ludicrous thing of all: Murray led Pittsburgh to not one , but two titles as a rookie .

Follow Us!

Join The Conversation

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.

PS4 Pro Competes With Xbox One S, Not Xbox One X
Formerly known as Project Scorpio , the Xbox One X promises better graphics for players, whether or not they have a 4K television. Indeed, many surmised that the official name of the console would be Xbox Scorpio and some even suggested names like Xbox 10 S'.

Key takeaways from Sessions' testimony
Sessions said he "racked my brain" and had no meeting with any Russian in his capacity as a Trump campaign adviser. Some have said Sessions recusal should have prohibited him from firing former FBI Director James Comey .

Four revelations from today's Sessions hearing
John McCain (R-Ariz.) asked Sessions to give details about his September meeting with the Russian ambassador in his Senate office. Trump has suggested there might be tapes of his encounters with Comey; Comey said last week that "lordy" he hopes there are.

Travel ban: Where things stand and what comes next
The revised EO was issued after the initial travel ban in January was withdrawn by President Trump due to legal setbacks. A United States federal judge in Hawaii indefinitely extended on March 30 a court order blocking Trump's new travel ban.

Golden Knights should stock up on goaltenders
Wednesday, June 21: During NHL Awards show in Las Vegas, the league will announce the Golden Knights' Expansion Draft selections. All teams must exposes at least one goaltender who is under contract for 2017-18, or who is a restricted free agent this summer.

GE's new CEO to review portfolio 'with no constraint'
Flannery has led the turnaround of the business, increasing organic revenue by five percent and margins by 100 bps in 2016. The appointment is the result of succession planning that's been under way since 2011, the company said.

How to Watch Jeff Sessions's Senate Testimony on Tuesday
As these investigations remain ongoing, no substantive evidence exists that shows the Trump campaign worked with Moscow. Last Thursday, fired FBI Director James Comey had many glued to the TV when he testified before the same committe.

May apologises to own MPs for election 'mess'
He told Sky News that the reality of the election result meant that May and her government would need to reach beyond party lines. As a Catholic, I should be flattered by the liberals' righteous fury: the Protestant DUP are the stuff of sectarian nightmares.